Pioneer Natural Resources Co. (NYSE:PXD) CEO Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $185.14, for a total value of $1,851,400.00. Following the sale, the chief executive officer now directly owns 585,868 shares of the company’s stock, valued at approximately $108,467,601.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Pioneer Natural Resources Co. (NYSE:PXD) opened at 173.67 on Wednesday. Pioneer Natural Resources Co. has a 12-month low of $103.50 and a 12-month high of $193.39. The stock’s market cap is $29.48 billion. The stock has a 50 day moving average price of $181.29 and a 200-day moving average price of $170.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The company’s revenue was down 47.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. Equities analysts anticipate that Pioneer Natural Resources Co. will post ($0.40) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of PXD. Quadrant Capital Group LLC boosted its stake in shares of Pioneer Natural Resources by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 35 shares during the period. Hudock Capital Group LLC boosted its stake in shares of Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock valued at $109,000 after buying an additional 125 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock valued at $155,000 after buying an additional 22 shares during the period. Point72 Asia Hong Kong Ltd boosted its stake in shares of Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 900 shares during the period. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of Pioneer Natural Resources during the third quarter valued at approximately $213,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

PXD has been the topic of a number of recent research reports. Barclays PLC upgraded Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $152.00 to $175.00 in a research note on Tuesday, August 2nd. Societe Generale cut Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 price objective on the stock. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Zacks Investment Research cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Sanford C. Bernstein initiated coverage on Pioneer Natural Resources in a research note on Wednesday, August 17th. They set an “outperform” rating and a $210.00 price objective on the stock. Finally, KeyCorp boosted their price objective on Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus target price of $182.65.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.